Insurance intermediaries are asking for a grace period of at least two years to develop supplementary insurance coverage in the transition to the the mandatory health insurance system (AMO), overseen by the National Social Security Fund (CNSS).
The growth in the insurance industry in Morocco is insufficient for all intermediaries, a large number of whom are heavily dependent on the motor branch and monitor their commission income closely, indicated Mr Farid Bensaid, president of the National Federation of Insurance Agents and Brokers (FNACAM).
Motor insurance premium rates will change on two fronts, according to Mr Mohamed Hassan Bensalah, president of the Moroccan Insurance Federation (FMA).
Bahrain will host the 36th General Conference of the General Arab Insurance Federation (GAIF) in 2028, followed by Morocco for the 37th edition in 2030.
The Moroccan InsurTech, Inclusion, and Innovation Programme (PM3I) is entering its implementation phase, with a provisional procurement schedule showing that several consultations are expected to be launched by early 2027 for its implementation.
Motor insurers in Morocco have increased premium rates by an average of around 5% for mandatory auto third-party liability insurance, as part of the legislative reform of compensation for victims of traffic accidents.
The Holmarcom group's proposed acquisition of BMCI, the Moroccan subsidiary of the French giant BNP Paribas, currently awaiting regulatory approval, is shining the spotlight on the group's plans for insurance and banking in Africa.
The Moroccan insurance industry posted a combined net income of MAD5.3bn ($566m) in 2025, which represents a jump of 21.4% over 2024, as the sector benefitted from the strong performance of the financial market, according to the 2025 Annual Financial Stability Report.
The Moroccan motor insurance market is facing scrutiny as it is marked by pricing that is practically the same from one insurance company to another, despite an apparently liberalised competitive framework and the number of insurers operating in the market.
The Systemic Risk Coordination and Monitoring Committee (CCSRS) has said that the insurance sector continued its growth momentum against a generally favourable economic backdrop.